Cardano: sleeping, but not dead 💀

📊 What does the ADA chart show?

— Since December 2024, ADA has been moving in a descending channel. This is a classic technical formation where the asset is compressed in a corridor between falling support and resistance levels.

— At the beginning of the year, there was a brief breakout — after a loud tweet from Trump. But now the situation is heating up again.

🧱 Recently, a descending wedge has also formed on the chart — another bullish pattern. In the past, such patterns often led to breakouts upward.

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🎯 Targets and scenarios:

— In case of a pullback: support at $0.63

— In case of a wedge breakout: short-term target — $0.77–0.78

— With a stronger impulse, ADA may aim for $1.10–1.13 — levels where it was at the beginning of 2025.

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📉 Meanwhile, the overall influx of altcoins to exchanges remains at a minimum (less than 30,000 per day in June), indicating a low readiness for sell-offs.

🔥 Conclusion: the altseason is still just breathing down our necks. But technical signals and market behavior hint: it might get loud in the coming weeks.

#ADA